First Federal Bank of California Opens New Branch in Buena Park
30 Junho 2008 - 5:30PM
Business Wire
First Federal Bank of California today announced the opening of its
newest banking office in Buena Park. Located at 7872 Valley View
Street, this branch will provide the local community with a full
array of both consumer and business banking products and services.
With the strategy of delivering a brand of one-on-one, relationship
banking that has been the cornerstone of First Fed�s success for
nearly eight decades; Buena Park is the latest community to benefit
from the Bank�s style of banking. According to Shannon Millard,
President of Retail Banking, �We are delighted to be part of the
Buena Park community and look forward to providing both individuals
and businesses alike with a unique and meaningful banking
experience that we know is unparalleled in the industry.� Since
1929, First Federal Bank of California has been focused on meeting
the financial needs of the communities in which it serves. Helping
clients manage their finances, save, invest and borrow better, and
to ultimately live better, is at the heart of First Fed�s service
philosophy. Locally managed and financially strong with core and
risk based capital ratios at nearly twice the �well-capitalized�
minimums of 5% and 10% per the FDIC at approximately 10% and 19.5%,
respectively at March 31, 2008, First Fed has over $7 billion in
assets and 37 branch locations, with more on the way. Branches in
Anaheim, Thousand Oaks and Laguna Hills are scheduled to open by
year-end. Headquartered in Los Angeles, California, First Federal
Bank of California is a subsidiary of FirstFed Financial Corp.
(NYSE:FED). This news release contains certain forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Act of 1995. These forward-looking
statements are subject to various factors, many of which are beyond
the Company's control, which could cause actual results to differ
materially from such statements. Such factors include, but are not
limited to, the general business environment, interest rate
fluctuations, the availability of branch opening opportunities,
competitive conditions in the business and geographic areas in
which the Company conducts its business and regulatory actions. In
addition, these forward-looking statements are subject to
assumptions as to future business strategies and decisions that are
subject to change. The Company makes no guarantees or promises
regarding future results and assumes no responsibility to update
such forward-looking statements.
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